Stock Market Weekly

Current situation of Bristol-Myers Squibb Stock

blogadmin February 3, 2021 no Comments

This pharmaceutical firm had to bear with the wrath of the coronavirus pandemic. The main reason for this downfall was the locking down of the world for a specific amount of time to control the spread of the coronavirus. The virus, however, spread very quickly and affected a massive number of lives. The various sectors which had to suffer back then are now trying to recover from the losses they suffered at that time. Bristol-Myers Squibb underwent losses because access to the hospitals and clinics was limited. Not all the patients could go to the hospitals because of the lockdowns or curfews and most importantly, the fear of the spread of the virus kept people away from the hospitals for some amount of time. However, the year 2020 is not enough for the description of the performance of this firm because the company has had an overall better performance during the past times. It is also expected that the company will bounce back and perform well again in this year as well as the upcoming years. Bristol-Myers Squibb Co. (NYSE: BMY) 52 Week Range: $45.76 - $67.80 Average Volume: 10,731,482 Market Capital: $145.889B Forward Dividend and Yield: 96 (3.05%) Another plus point about the company is that its dividend has consistently increased for 11 years straight and there are no chances that it will stoop down so the investors can rely on the company for that matter. Moreover, the stocks are moderately priced and profitable giving so there is little…

Best Stocks to buy

Is ‘The Home Depot’ Stock good for an Investing right now?

blogadmin February 2, 2021 no Comments

The company The Home Depot Inc. (NYSE: HD) has a large and well-expanded business of construction products, supply tools, and services spread wide across the 2,200 stores of the firm present in the United States, Mexico, and Canada. The company operates on a wholesome market capital of around $300 billion and in the United States the company is currently the largest home improvement retailer. The year 2020 was an on-and-off year for the company as it was affected a little by the coronavirus pandemic but the company did not fall so down and it stands fine. This year, let us see how the company shapes itself. The major competitor of this firm, Lowe’s Companies Inc. (NYSE: LOW) had better growth in the year 2020 as compared to Home Depot. The Home Depot Inc. (NYSE: HD) 52 Week Range: $140.63 - $292.95 Average Volume: 4,012,650 Market Capital: $306.002B Forward Dividend and Yield: 00 (2.19%) Lowe’s Companies Inc. (NYSE: LOW) 52 Week Range: $60.00 - $180.67 Average Volume: 5,119,114 Market Capital: $126.321B Forward Dividend and Yield: 40 (1.39%) If we consider the statistics, then definitely The Home Depot is the winner since it has a higher stock value with a larger market capitalization and also a better forward dividend and yield but the growth of Lowe’s is also noteworthy along with. Home Depot showed much improvement in its earnings towards the end of the year 2020 and now, the analysts, as well as the investors, expect the company to perform better and…

Pharmaceuticals

AbbVie Stock: Safe to buy or not?

blogadmin February 1, 2021 no Comments

AbbVie Inc. (NYSE: ABBV) is a relatively new biopharmaceutical company of the United States and its foundation was laid in the year 2013. The company has had fairly well performance and has given profits to the shareholders who have invested in this firm. The company is doing well and is going at a steady pace. The stock of this company comes with a dividend. The investors have to figure out between the dividend stocks since these are associated with the risk of increment or decrement of the dividend with time. An increase of dividend is always welcome while a reduction of the dividend brings loss in the investment. AbbVie Inc. (NYSE: ABBV) Stock analysis 52 Week Range: $62.55 - $113.41 Average Volume: 8,361,700 Market Capital: $197.326B Forward Dividend and Yield: 20 (4.71%) The pricing of the stock is moderate and the dividend is also high. The dividend has shown an increase and therefore, the stock becomes a less risky dividend stock with a higher probability of returning profits to the investors. AbbVie and Humira: What’s in for the Future? Humira being the consistently best-selling drug of the company overshadows the other products sometimes but now the other drugs, which are also highly effective against the respective diseases they are used to treat. Humira is however a very important drug and it is not sure whether a new drug can replace this drug because it is highly reliable. This doubt is there in the minds of the investors. If we consider…

Travel and Tourism

Covid-19 and MGM Resorts International Stock

blogadmin January 29, 2021 no Comments

The coronavirus pandemic struck the world just like a curse and this curse is not yet ready to leave the planet. The pandemic not only took away several lives but also disrupted and brought down various businesses including MGM resorts International. Many sectors are still trying to recover and re-establish after their businesses got closed for a certain time when there was the imposition of the lockdowns and curfews. While there were sectors that made huge benefits and became stronger during the pandemic but quite a lot of sectors were affected and incurred losses due to the pandemic. Travel and Tourism Sector Let us for example consider the travel and tourism sector. The planes, cruises, resorts, hotels, etc. all got severely affected because of the pandemic. The companies under this sector had to bear huge losses because there were no tourists or travelers during a long season. The holiday season, which invites lots and lots of tourists, did not bear any fruit this time and the situation changed completely. MGM Resorts International Stock (NYSE: MGM) This company has a chain of hotels, casinos, restaurants, live entertainment, and conference spaces. The pandemic led to the shutting down of the casinos completely for a while and all the money which comes from the betting business vanished. The vaccine has brought some good news for the company because now there are chances that if the vaccine gets complete success, then the pandemic scenario will come to an end and the year 2021 can…

Amazon

Highly Profitable Stocks to buy in 2021

blogadmin January 25, 2021 no Comments

The stock market faced numerous ups and downs during the year 2020. These were primarily due to the coronavirus pandemic and the 2020 US Presidential Elections for the election of the 46th President of the United States. The year was a year full of gains and profits for the stocks of some companies while various other companies had to face the wrath of the pandemic and their businesses got slowed down or shut down. Now, this year is a year of re-establishment for those companies and a year of gaining more for the companies who performed well last year. Here, let us discuss the stocks which will give great profits upon investment. In the case of these stocks, investors can expect good profits. These stocks will work out well for both the old shareholders and the new shareholders. Innovative Industrial Properties Inc. (NYSE: IIPR) 52 Week Range: $40.21 - $199.35 Average Volume: 475,650 Market Capital: $3.992B Forward Dividend and Yield: 96 (2.71%) Alphabet Inc (NASDAQ: GOOG) 52 Week Range: $1,013.54 - $1,847.20 Average Volume: 1,660,769 Market Capital: $1.177T Forward Dividend and Yield: N/A (N/A) UnitedHealth Group Incorporated (NYSE: UNH) 52 Week Range: $187.72 - $367.95 Average Volume: 3,126,431 Market Capital: $327.153B Forward Dividend and Yield: 00 (1.43%) Costco Wholesale Corporation (NASDAQ: COST) 52 Week Range: $271.28 - $393.15 Average Volume: 2,248,396 Market Capital: $166.436B Forward Dividend and Yield: 80 (0.74%) Fiverr International Ltd. (NYSE: FVRR) 52 Week Range: $20.42 - $228.49 Average Volume: 1,311,331 Market Capital: $7.53B…

marijuana Stocks

Aphria Stock: The Merger Deal and its Effects

blogadmin January 24, 2021 no Comments

In December 2020, Aphria and Tilray announced their reverse merger deal whereby it was confirmed that after these two firms will merge, they will form the largest cannabis company in the industry. For once, this announcement boosted the stocks of both companies because it came up as good news. Afterward, the stock of Aphria went down. The value of the stock has thereafter reduced a little. Reason for this Downfall Not all investors are happy with the news of this merger. While the stock of Aphria went down, on one hand, the stock of Tilray went up on the other. The reason for the rise in the stock value of Tilray is that its shareholders will get paid a premium because of this merger deal. If we consider overall, then Aphria has proved to be a more stable and constant company instead of Tilray. Tilray suffered losses this year but Aphria is way too solid for that matter. The investors are mainly concerned about the deal because it could also make things worse rather than making the companies stronger. Stock Analysis: Aphria Inc. (NASDAQ: APHA) and Tilray Inc. (NASDAQ: TLRY) Aphria Inc. (NASDAQ: APHA) 52 Week Range: $1.95 - $8.88 Average Volume: 11,420,290 Market Capital: $1.997B Forward Dividend and Yield: N/A (N/A) Tilray Inc. (NASDAQ: TLRY) 52 Week Range: $2.43 - $22.95 Average Volume: 19,919,441 Market Capital: $1.307B Forward Dividend and Yield: N/A (N/A) The Fate of the Stock of Aphria Inc. (NASDAQ: APHA) Despite the recent downs that the…

Food industry Stocks

Is Starbucks Stock a Good Buy for the Investors Right Now?

blogadmin January 23, 2021 no Comments

Starbucks is a worldwide acclaimed coffee giant and is currently in the process of recovering itself from the losses that it had to suffer due to the ongoing coronavirus pandemic. Without a doubt, at one point in time, the coronavirus pandemic had brought the world to a standstill. This majorly affected so many sectors and the businesses that exist under them. Now, after the reopening of almost everything once again, these companies are trying to get back on their track, recover their losses quickly, and become profitable once again. The food industry had to withstand the imposition of the lockdowns and curfews wherein for some time, these food and beverage giants stopped completely. Even after these have got reopened, the fear of the virus has not got over yet and that is why the sales are still less. Analyzing the stock of Starbucks Corporation (NASDAQ: SBUX) statistically: 52 Week Range: $50.02 - $106.09 Average Volume: 6,541,836 Market Capital: $122.03B Forward Dividend and Yield: 80 (1.76%) Starbucks Stock and the Losses The year 2020, as mentioned above, has thoroughly been a year of losses for the first half at least and after that, the year of recovery of the losses incurred in the first half. Starbucks’ business also stopped when the lockdowns were imposed and now the recovery process is going on. The company says that they are recovering quite quickly and the recovery is faster than it was expected to be. The earnings for the fourth quarter have come out…

Ecommerce

Thoughts on Shopify Stock (NYSE: SHOP)

blogadmin January 22, 2021 no Comments

The industry which benefitted and did not suffer any losses during this time of the coronavirus pandemic is the e-commerce industry. While Amazon, the great e-commerce giant made major gains during this time, Shopify was not too far away from the same. This company also made huge profits and made its way into the top stocks. People have opted for online shopping more than traditional shopping this year and that is why the e-commerce stocks grew greatly. Moreover, Shopify’s progress has even made it a competitor of Amazon and eBay both of which are e-commerce giants and tough to compete with. Therefore, the growth of the company is well evident without any doubt. Shopify and 2020 The year 2020 was full of drastic changes and losses for many companies because of the imposition of the curfews and lockdowns, but some sectors also grew up high and rose from their previous status. Similar is the case with Shopify. The company’s quarterly earnings were quite a lot high as compared to its earnings in the last year. The earnings of the three quarters this year have come out to be as high as 82% when compared to the income of 2019. As of the third quarter, the company earned $412.6 million which was a rise of 88% since the 2019 third-quarter earnings were $219.4 million. The rising percentage is very large and this shows that the company has effortlessly grown this year and has become stronger. If we compare it to eBay,…

Food industry Stocks

Is it a good Time to Invest in Costco Wholesale Corporation (NASDAQ: COST)?

blogadmin January 21, 2021 no Comments

The American Multinational Company, Costco Wholesale Corporation is a large warehouse retailer and in the whole world, after Walmart, it is the second-largest retailer. The company has seen some major growth and the growth continues finely and steadily. Its provision in terms of products is so widespread that it cannot be compared to that of any other firm even amongst the major rivals of this company. By just paying $60, one can get its membership and then buy almost everything from one place itself. Therefore, this company has better prospects when it comes to its situation in the future. Costco Wholesale Corporation: Growth and Earnings If we compare the income of the company this year with that of last year, we can see the growth that has taken place. While in 2019, the company’s total yearly income was $149.35 billion and in 2020, its annual income has come out to be $163.22 billion. There is an increase of 9.3% which is huge in itself. The sales of this company have grown by 17% (year over year basis). From every aspect, ignoring the minor ups and downs that have occurred, the company has grown well and there are no such signs that this growth will retaliate. From the growth that has happened, it is evident that the pandemic was not able to affect the company. With a total of 785 warehouses (as per the statistics of 2019) spread around the world there are hardly any chances that anything will let the…

Transportation

Uber Stock: Is it Worth the buy or not?

blogadmin January 20, 2021 no Comments

There were several businesses whose growth came to a standstill and even went down because of the coronavirus pandemic. The pandemic, however, is still not slowing down and the risk of the spread of the virus is quite high. The news of vaccines has brought some good news but how its impact will be, no one can be very sure about this fact. Therefore, this situation is still speculative for certain stocks, whose growth is dependent on the pandemic. Let us discuss Uber Technologies Inc. (NYSE: UBER). The stocks of this company which is famous for its food delivery service and ride-sharing service had to incur losses this year because of the pandemic. The lockdown imposed at various locations worldwide to curb the spread of the virus had completely stopped the traveling and food deliveries for some time. This was the time when these companies had almost no income. The situation somewhat improved after the lockdowns got opened but people were still scared of the virus and hence, the company could barely cover up its loss. Uber Stock this Year The sales of this company fell by 18% this year. Also, the loss of the company per share has come out to be 62 cents. The situation has improved and the stocks have surged up a little but the occasional ups and downs of the stock continue. Uber Technologies Inc. (NYSE: UBER) 52 Week Range: $13.71 - $56.02 Average Volume: 21,098,443 Market Capital: $91.363B Forward Dividend and Yield: N/A (N/A)…

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